STEP Energy Services Ltd. (TSE:STEP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

STEP Energy Services Ltd. (TSE:STEP) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$5.21.

Several analysts have commented on STEP shares. BMO Capital Markets lifted their price objective on shares of STEP Energy Services from C$4.50 to C$5.00 in a research report on Tuesday, November 5th. ATB Capital dropped their price objective on STEP Energy Services from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. Raymond James decreased their target price on STEP Energy Services from C$6.25 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Finally, Cormark raised STEP Energy Services from a “tender” rating to a “buy” rating and upped their price target for the company from C$5.00 to C$5.50 in a research report on Monday, January 6th.

Insider Buying and Selling at STEP Energy Services

In other STEP Energy Services news, Senior Officer Bradley James Mcfarlane sold 18,001 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$4.20, for a total value of C$75,604.20. Insiders own 0.50% of the company’s stock.

STEP Energy Services Price Performance

Shares of TSE:STEP opened at C$4.51 on Tuesday. The company has a market capitalization of C$322.71 million, a P/E ratio of 7.81 and a beta of 2.07. The company’s 50-day moving average is C$4.43 and its 200 day moving average is C$4.31. The company has a debt-to-equity ratio of 22.04, a quick ratio of 1.11 and a current ratio of 1.39. STEP Energy Services has a fifty-two week low of C$3.37 and a fifty-two week high of C$5.26.

About STEP Energy Services

STEP Energy Services Ltd., an energy services company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States. It also provides fluid pumping services for coiled tubing operations and involved in standalone projects; pipeline commissioning and maintenance services; fracturing logistics services; and laboratory services.